Twilio Inc (TWLO)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,316,401 | 2,268,415 | 2,229,089 | 2,154,759 | 2,084,052 | 2,028,104 | 1,967,932 | 1,923,809 | 1,885,154 | 1,829,685 | 1,764,911 | 1,674,711 | 1,560,075 | 1,440,713 | 1,291,507 | 1,178,897 | 1,059,009 | 947,676 | 876,668 | 769,638 |
| Revenue (ttm) | US$ in thousands | 4,729,370 | 4,583,450 | 4,458,040 | 4,339,150 | 4,239,170 | 4,194,430 | 4,153,940 | 4,102,560 | 4,051,920 | 3,957,514 | 3,826,317 | 3,644,491 | 3,401,637 | 3,127,214 | 2,841,839 | 2,547,185 | 2,254,978 | 1,986,896 | 1,761,776 | 1,544,910 |
| Gross profit margin | 48.98% | 49.49% | 50.00% | 49.66% | 49.16% | 48.35% | 47.38% | 46.89% | 46.52% | 46.23% | 46.13% | 45.95% | 45.86% | 46.07% | 45.45% | 46.28% | 46.96% | 47.70% | 49.76% | 49.82% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,316,401K ÷ $4,729,370K
= 48.98%
The gross profit margin of Twilio Inc. has demonstrated a notable trend over the analyzed period, exhibiting both fluctuations and a gradual upward trajectory. Starting at approximately 49.82% as of September 30, 2020, the margin experienced a slight decline over subsequent quarters, reaching a low of around 45.45% by December 31, 2021. This decline indicates a reduction in gross profitability relative to revenue during this period, potentially reflecting increased cost pressures or competitive factors affecting pricing.
From the first quarter of 2022 onward, the gross profit margin stabilized and began a modest recovery. Notably, the margin increased from approximately 46.07% in March 2022 to over 46.52% by June 2023, and further to approximately 46.89% in September 2023. This trend suggests an improvement in gross profitability, possibly driven by enhanced operational efficiencies, better cost management, or favorable revenue mix.
The upward momentum continued into 2024, with the gross profit margin reaching around 50.00% as of December 2024, marking a significant point of profitability improvement. Subsequent quarters showed a slight decrease but remained above 48%, with March 2025 reporting approximately 49.49% and June 2025 at around 48.98%.
Overall, the gross profit margin exhibits a pattern of initial decline followed by a sustained recovery and growth, culminating in near-half of revenue being retained as gross profit in recent periods. This progression signals improved operational leverage and efficiency, although fluctuations suggest ongoing competitive or cost-related challenges.
Peer comparison
Jun 30, 2025